Electronics market in Ecuador
The Ecuadorian Electronics eCommerce market is predicted to reach US$713.2 million by 2024 and accounts for 24.4% of the total eCommerce market in Ecuador. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 2.7%, resulting in a projected market volume of US$793.5 million by 2028. Within the Electronics market ECDB considers the following two sub-markets: Consumer Electronics and Electrical Appliances.
Market development
eCommerce revenue development in the Consumer Electronics market in Ecuador
The Ecuadorian Consumer Electronics eCommerce market is predicted to reach US$509.2 million by 2024 and accounts for 71.4% of the Electronics eCommerce market in Ecuador. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 1.8%, resulting in a projected market volume of US$546.2 million by 2028. The Consumer Electronics eCommerce market is a sub-market of the Electronics market. Further categories within the Electronics market are: Electrical Appliances.
eCommerce revenue development in the Consumer Electronics market in Ecuador
eCommerce revenue growth in the Consumer Electronics market in Ecuador
Net eCommerce revenue split by sub-category
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||||
Growth (in %) | 0.7 | 1.9 | 87.7 | 51.6 | 33.1 | 85.8 | 79.0 | 13.2 | ||||
as of Electronics (in %) | 1.4 | 1.5 | 1.7 | 1.9 | 2.0 | 2.1 | 2.2 | 2.3 | 2.5 | 2.7 | 2.8 | 3.0 |
Market definition
Definition of the Consumer Electronics market within the Electronics market
Market definition: Electronics > Consumer Electronics The category Consumer Electronics includes the online trade of computers, TVs, smartphones, and more. Online stores dedicated to the sale of household appliances, personal care appliances or mobile contracts and tariffs are not considered. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Computers
- TVs
- Smartphones
- Cameras
- Headphones
- Loudspeakers
- Printers
- Scanners
- Game Consoles
- Wearables
Out-of-scope
- Household appliances
- Personal care appliances
- Mobile contracts and tariffs
- Set-up and installation services
- Software
Market comparison
The Ecuadorian Consumer Electronics market in a global comparison
Market comparison by growth, online share, and revenue in 2023
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